Righto lads.
I mentioned Monday that I thought we'd get a green lead on banks into Wednesday and we certainly have with US banks a wall of green overnight but I ain't buying it.
A few days prior to the banking crisis kicking off earlier in the year I gave you all the heads up that US banks were setting up for a significant sell event (after a green lead) and that played out nicely.
Well, if what I'm looking at is legit then it's happening again.
After months of consolidation (distribution) things are looking ready to blow.
I'm not saying remortgage the house and go short now - you guys all need to do your own DD.
I'm simply saying I'm seeing similar trading patterns from banks that I did in the lead up to the banking crisis.
We have a big few days ahead with EOM and EOQ opex Friday. So there's every chance the rest of the week is a nothing burger but IMO banks are getting ready to sell in the near future.
Anyway, just my two cents so DYOR...
- Forums
- ASX - By Stock
- XJO - Bear Posts only (Factors which might cause the markets to fall)
Righto lads.I mentioned Monday that I thought we'd get a...
-
- There are more pages in this discussion • 7,547 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,284.7 |
Change
-33.700(0.41%) |
Mkt cap ! n/a |
Open | High | Low |
8,318.4 | 8,318.4 | 8,274.3 |
Featured News
XJO (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online